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Dec 13, 2012
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. >> if you believe that, you know, we're going to be more like europe every year, i'd definitely be owning some gold. >> is that what you any? >> i don't -- i -- i have not liked gold as an inflation indicator throughout this whole run in part because i saw it as a flight to safety indicator more than anything else, not necessarily an inflation indicator. >> i agree. >> and it's hard for me to imagine that the equity market is trading for fear of inflation. every barometer i've looked at said this is a hawkish trade, a deflationary trade going on today, just the opposite. >> one more thing. i do agree that the reason i would never advocate selling stocks is because inflation is coming, and it's a great inflation adjustment instrument. >> all right. we'll leave it there. >> decoupling of gold and rick santelli works would have thunk it. >> thanks, guys. see you a little later. 40 minutes before the closing bell sounds for the day. market that is worse, down 100 points on the dow jones industrial average. as you can see, 96 points lower. >> someone just calling that, going back to the
. >> if you believe that, you know, we're going to be more like europe every year, i'd definitely be owning some gold. >> is that what you any? >> i don't -- i -- i have not liked gold as an inflation indicator throughout this whole run in part because i saw it as a flight to safety indicator more than anything else, not necessarily an inflation indicator. >> i agree. >> and it's hard for me to imagine that the equity market is trading for fear of inflation. every...
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Dec 21, 2012
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>> that assumes all else being equal, the problem is you look at europe, it's recovering. you look at the way china is acting, it's recovering. a lot of the weakness that could come from the fiscal cliff may be picked up from overseas markets which have been a drag this year. maybe you see a flipping of that in 2013. >> it's interesting that you are looking at the emerging markets. even though, yes, you're looking at higher growth rates than some of these outside the u.s. hot spots, they've come down quite a bit. does that slowdown in growth affect you? >> no question it's slowed down quite a bit. the big three things that have happened in 2012, only five days left, are things that didn't have. greece does not have an exit. citigroup had a 90% chance earlier this year. the biggest day of this jurn year was june 17th when they elected a moderate who did not try to pull greece out. and germany stepped up and gave them some money and that september the 6th, that was the european central bank. so you had china, maria, the united states and greece. none of them went off the cli
>> that assumes all else being equal, the problem is you look at europe, it's recovering. you look at the way china is acting, it's recovering. a lot of the weakness that could come from the fiscal cliff may be picked up from overseas markets which have been a drag this year. maybe you see a flipping of that in 2013. >> it's interesting that you are looking at the emerging markets. even though, yes, you're looking at higher growth rates than some of these outside the u.s. hot spots,...
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Dec 18, 2012
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is it europe, the election? is it the fiscal cliff, but as you go through those one by one, the election is now behind us. i do believe we'll have a resolution on the fiscal cliff and if you look at europe, the ecb put a gigantic band-aid on this so next year will be a big year. >> did you see the s&p upgraded greece today by six notches? i had to hit the machine to make sure that was the correct number there. >> well, you know, a lot of volatility in rate. >> bob pisani, what do you think today? a pretty good real under way? all about the fiscal cliff? >> well, the markets, is bullish because the markets are acting like 2013 will resolve a lot of problems so we've multi-month highs in the stock market. we have the safe haven, gold and bonds just getting hit badly again. i mean, bond yields are moving up. gold is moving down on a day when the dollar is -- is weak today, so the markets are sort of acting like things are actually going to resolve themself. even now, maria, you might notice, the headlines out this
is it europe, the election? is it the fiscal cliff, but as you go through those one by one, the election is now behind us. i do believe we'll have a resolution on the fiscal cliff and if you look at europe, the ecb put a gigantic band-aid on this so next year will be a big year. >> did you see the s&p upgraded greece today by six notches? i had to hit the machine to make sure that was the correct number there. >> well, you know, a lot of volatility in rate. >> bob pisani,...
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Dec 11, 2012
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we've seen this in the past in europe and other brinksmanship moments. my hope would be that a small correction in the markets, maybe down 5% for a couple of days in a row, would kind of get them back and really force them to kind of make a decision but my worry is that that's what it will take there. has to be some external pressure applied to get them to understand the consequences of this endless debate. >> what's the green light you're waiting for to buy then? >> it's -- it's seeing a deal done because frankly i -- i'm not going to jump on the first tentative deal. these things can easily fall apart once they see the light of day and the details come out. i think investors should be careful about going for head fakes, the inevitible stories about they are about to reach an agreement show me the details so that i know whether the deal is doable or not and then i'll determine whether or not they resolve the problem. >> thanks for coming on the program. thanks so much. >> thank you. >> ethan harris joining us. >> and as we head towards the close, the bi
we've seen this in the past in europe and other brinksmanship moments. my hope would be that a small correction in the markets, maybe down 5% for a couple of days in a row, would kind of get them back and really force them to kind of make a decision but my worry is that that's what it will take there. has to be some external pressure applied to get them to understand the consequences of this endless debate. >> what's the green light you're waiting for to buy then? >> it's -- it's...
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Dec 20, 2012
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will be clearing its equity trades in europe. this deal will not face regulatory scrutiny with the way that this is formed. the former deal attempts with deutsche boerse fell and here there was no overlap between i.c.e. and nyc. however, this clearing agreement makes it very tough and expensive to break up this deal between nyc and i.c.e., so the question market sources are asking now is what is the next move for cme group, nasdaq, hong kong exchange, among others? let's talk about when,deal and what it all means right now. scott, this is part of the deal that's really being underreported and not spoken about too much. that's the clearing exchange partnership. that's going to make it very tough to penetrate and to get any competitors to break up this deal. >> officials all over the globe who are assessing this deal and trying to figure out what they are going to do next to try to remain competitive. joining us now are david faber, bob pisani and steven guilfoyle and rick santelli at the cme. first, david, who broke the story this
will be clearing its equity trades in europe. this deal will not face regulatory scrutiny with the way that this is formed. the former deal attempts with deutsche boerse fell and here there was no overlap between i.c.e. and nyc. however, this clearing agreement makes it very tough and expensive to break up this deal between nyc and i.c.e., so the question market sources are asking now is what is the next move for cme group, nasdaq, hong kong exchange, among others? let's talk about when,deal...
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Dec 26, 2012
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>> i think you have to watch things in europe. the big day is the september 11th elections in germany and germany could be harder after the election. in the first half is the sent ceiling discussion and finally profits, personal income and production, if those can do better than the markets can lift but right now the view is for a nothing market from here till year end. once the seasonal increases go away, we could have tax increases rand spending cuts if we get a deal. why is that going on a headwind for the stock market? >> i think it will be. if the taxes go up, i think that's something that hurts consumer confidence. you've seen the retail sales in the last part of this season here, have sold off, and many people have said it's because of the fiscal cliff. >> kind of depressing when you say it's a nothing market between now and the end of 2013. how do you make money, if you want to see it's going to be a -- >> he knows rhyme going to say buy apple. it's up 20%, up 50% and some off a little bit. if it sells off, you'll have nic
>> i think you have to watch things in europe. the big day is the september 11th elections in germany and germany could be harder after the election. in the first half is the sent ceiling discussion and finally profits, personal income and production, if those can do better than the markets can lift but right now the view is for a nothing market from here till year end. once the seasonal increases go away, we could have tax increases rand spending cuts if we get a deal. why is that going...
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Dec 21, 2012
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clearly europe has gone in the right trajectory. there's some things set up here for markets to behave normally again and i think that would be fabulous for those that have capital market experience, those are obviously the most vulnerable. if you go over the cliff, you stay at the cliff. some of the regional banks that are coming back, as well, companies like regionons financial has gotten some of its credit woes behind it. they may surprise with the capital returns, as well. capital one has solid consolidators. they're now the seventh largest bank in this country. a shock to everybody, but very cheap to future earnings as long as we don't stay over the cliff for a long period of time. >> thank you so much. a former marma was indecided for insider trading. >> he was indicted today stemming from his trading of two pharmaceutical companies during the period of 2000. it's been a tough year for him, a married father of three who fainted at one point from anxiety when the fbi visited his home. but the question looming large over this ca
clearly europe has gone in the right trajectory. there's some things set up here for markets to behave normally again and i think that would be fabulous for those that have capital market experience, those are obviously the most vulnerable. if you go over the cliff, you stay at the cliff. some of the regional banks that are coming back, as well, companies like regionons financial has gotten some of its credit woes behind it. they may surprise with the capital returns, as well. capital one has...
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Dec 27, 2012
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look at emerging markets, lock at europe. they are decoupling. if anything, price is still very bull ir. i would rather listen to price. >> why do you say it's still very bullish? >> they recovered almost completely the loss which means the markets thinks tax puts will still be in play. the market is saying it's okay, you know, we've had an increase in market cap this year in the s&p 500 over $1 trillion. >> right. >> that's more than the cliff. >> let me go to my facebook friend michael carr. you speak washington ese. the house is convening. the president is -- >> doesn't it just make you sick? >> the were inthing you want to watch is eachon javers. i thought it was a perfect graphic. it's fabulous. you can't make it up. >> what do you do when you don't know what's going to happen, and you really don't. if you can get the debt limit thing right and guess how it's going to turn out or guess that it's actually going to do something, all evidence to the contrary, how would you invest, and when you recognize that none of us probably know and got it
look at emerging markets, lock at europe. they are decoupling. if anything, price is still very bull ir. i would rather listen to price. >> why do you say it's still very bullish? >> they recovered almost completely the loss which means the markets thinks tax puts will still be in play. the market is saying it's okay, you know, we've had an increase in market cap this year in the s&p 500 over $1 trillion. >> right. >> that's more than the cliff. >> let me go to...
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Dec 19, 2012
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we're also going to buy equities, europe, china. you're going to buy bonds? >> at some point -- >> cap "x." >> which is machinery, tools. now we're talking about the market. >> it's machinery and technology and health care and consumer staples. >> at some point this becomes a problem to have all the cash. >> the fed is printing $85 billion a month that has to go somewhere. i absolutely agree 100%. it's rotating out of bonds and into stocks. >> it is going to do that because i was asking that at the top of the show. that's what happened. >> i wrote a book about it. collapse of the bond market. it's coming down in april, and i don't want to tout my own book here. >> but you will anyway. >> can i give you one factoid. ten minutes away from the close and this market is worsening. down 78 points on the dow jones industrial average. >> okay. no factoid. >> the cash on balance sheets becomes a problem. they will have to put it to work. >> yeah. >> do i have time? >> we're out of time. >> thank you very much. >> make the point. make the point, already. >> a 1% increa
we're also going to buy equities, europe, china. you're going to buy bonds? >> at some point -- >> cap "x." >> which is machinery, tools. now we're talking about the market. >> it's machinery and technology and health care and consumer staples. >> at some point this becomes a problem to have all the cash. >> the fed is printing $85 billion a month that has to go somewhere. i absolutely agree 100%. it's rotating out of bonds and into stocks. >>...
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Dec 5, 2012
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i think if you want the best value, you're probably going to end up somewhere in europe. >> in europe? and does the debt crisis make you reluctant there? you think there are real valuations and ultimate growth levels to come there? >> yeah, i think you have to take it all into account. it's down to individual stocks, but people like dividends. you can get twice the dividend levels with some large companies in europe selling at cheap valuations. we know all the problems haven't been fixed there, but you compare to what we were talking about in europe a year ago versus today, particularly exporters with china maybe turning a little bit. i just think an awful lot of money has left that area. if any of it starts moving back, and maybe that's what we're seeing, it's a nice place to be. the trick is you have to be there before the turn. >> hey, bill. >> yeah, rick? >> with citigroup cutting 11,000 jobs, austerity makes their stock run up. i'd like to know what our guests think if many of the others are going to be cutting. investors found something golden in those cuts. >> it's true because
i think if you want the best value, you're probably going to end up somewhere in europe. >> in europe? and does the debt crisis make you reluctant there? you think there are real valuations and ultimate growth levels to come there? >> yeah, i think you have to take it all into account. it's down to individual stocks, but people like dividends. you can get twice the dividend levels with some large companies in europe selling at cheap valuations. we know all the problems haven't been...
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Dec 17, 2012
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europe is week. but with demands elsewhere looking healthy, some numbers at least seem to be going apple's way. the question is whether samsung and amazon are meaningfully zapping the apple products. >> all right, jan. thanks so much. >> we've got both sides of that debate right now. the iphone 5's big debut in china is further proof that apple's fundamentals are solid one says. but stewart jeffrey is not sold. he says rivals like google's android are catching up. we were just talking there. jon pointing out the other competition out there. stock down 25% in the last three months. you remain bullish though. why? >> i do. i think a lot of the selling has to do with capital gains taxes. i think it was from the 700 level. and then you had another wave of it with long-term capital gains taxes. fears of that after the election we think caused an issue. we think that's why the stock is down. we still think it's quite solid. >> what about the competitive environment? stewart, that's one you've been looking
europe is week. but with demands elsewhere looking healthy, some numbers at least seem to be going apple's way. the question is whether samsung and amazon are meaningfully zapping the apple products. >> all right, jan. thanks so much. >> we've got both sides of that debate right now. the iphone 5's big debut in china is further proof that apple's fundamentals are solid one says. but stewart jeffrey is not sold. he says rivals like google's android are catching up. we were just...
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Dec 14, 2012
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europe, japan and the u.s. are all up 12% to 15% for the year. china's down
europe, japan and the u.s. are all up 12% to 15% for the year. china's down
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Dec 3, 2012
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you can't buy bonds, europe, emerging markets. you have to buy equities -- >> corporate bonds. >> maybe as part of that. but in terms of the whole total return funds you're seeing in these bond categories, you've had such rapid inflows, which is clearly a sign of a safety trade and psychological trade. they're not buying bonds based on fundamental but on fear. >> for yield. let's put aside all of this wrangling and let's say we get a deal done. we start to look at what that deal looks like. higher taxes, lower federal spending. right? i mean, when you look -- when you take away all of the fights and when you take away and go to the raw, what is left, you're talking about slower stimulus on a federal level because you've got higher taxes and because you've got lower spending from government. so, doesn't that hit earnings? >> no. here's why. we have found higher taxes are inconsequential with respect to stock market performance. stocks go up because the economy is recovering. if we were talking about the fiscal cliff two years ago t
you can't buy bonds, europe, emerging markets. you have to buy equities -- >> corporate bonds. >> maybe as part of that. but in terms of the whole total return funds you're seeing in these bond categories, you've had such rapid inflows, which is clearly a sign of a safety trade and psychological trade. they're not buying bonds based on fundamental but on fear. >> for yield. let's put aside all of this wrangling and let's say we get a deal done. we start to look at what that...
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Dec 7, 2012
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certainly europe's not any help. what's happening in china and japan is not any help. then you add on top of it what's coming out of washington. i don't think you should get your hopes up about figuring it out before the end of this year. i think there's a pretty deept chance we go over the cliff and then try to sort it out in the beginning of the year. >> lovely. >> joe, when did 146,000 jobs become good? have we become so pessimistic -- have our expectations come so low we're cheering 146,000 when we should be well over 200? >> plus the downward revisions for the previous two months. >> although, those revisions were almost all in government. mandy makes a good point. 150,000 a month, which has been the average over the past is a months or so, is not great. if this was a normal recovery, we'd be growing at 4% instead of 2 on gdp. employment would be well over 250. however, the good news in today's report was if you look at the household survey, there was clearly a hurricane effect in these numbers. we might actually have printed over 200 absent hurricane sandy. i wou
certainly europe's not any help. what's happening in china and japan is not any help. then you add on top of it what's coming out of washington. i don't think you should get your hopes up about figuring it out before the end of this year. i think there's a pretty deept chance we go over the cliff and then try to sort it out in the beginning of the year. >> lovely. >> joe, when did 146,000 jobs become good? have we become so pessimistic -- have our expectations come so low we're...
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Dec 28, 2012
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focus on some of the positive things like europe didn't fall over. interest rates are reasonable in spain, italy, and great britain. ashley: corporate earnings, signs of weakness in the last earnings season. concernedded about that? >> i think that it's cyclical. i think there's been little signs. i think we have to get employment together in the united states. housing is starting to come back. we're -- slowly, but in the north east in particular, there's more demand, and there's less housing inventory, but in the rest of the country, we have to wait and see on that. employment is really, really the key thing, and so what comes out of all the negotiations and how we employee people, infrastructure, and all of that makes a difference. ashley: companies hunkering down, a lot of cash, but not doing in until washington gets the act together. >> means technology, for example, could be a big sector. if companies get signals from washington and go out and invest into hiring people, putting technology online, it could be great, but we're just waiting and wai
focus on some of the positive things like europe didn't fall over. interest rates are reasonable in spain, italy, and great britain. ashley: corporate earnings, signs of weakness in the last earnings season. concernedded about that? >> i think that it's cyclical. i think there's been little signs. i think we have to get employment together in the united states. housing is starting to come back. we're -- slowly, but in the north east in particular, there's more demand, and there's less...
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Dec 27, 2012
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secondly the steel making coal which is used in europe brazil and in asia and we are one of the top three exporters of that coal in the world, and as the recovery in steel production increases in asia and in europe and latin america, that should be better for demand for that coal and hopefully pricing and really benefits most of the coal companies. ashley: steel prices firming as well. >> it seems that way, yes. ashley: the epa has been tough on the coal industry. >> you have said it, yeah. ashley: does that have an impact? >> it has. you know, certainly the equities were discounting a romney victory back in november. got hit pretty hard afterwards. now the stocks are back to where it was prior to the election. in my view, there's not much more major harm that the epa and other regulation can do to the coal industry. but certainly as the economy dictates demand, electricity generation and more confidence, that will be more important than say the epa. the epa has done their damage for the most part. you can never say never but i think most of the negative news is behind coal for the epa. a
secondly the steel making coal which is used in europe brazil and in asia and we are one of the top three exporters of that coal in the world, and as the recovery in steel production increases in asia and in europe and latin america, that should be better for demand for that coal and hopefully pricing and really benefits most of the coal companies. ashley: steel prices firming as well. >> it seems that way, yes. ashley: the epa has been tough on the coal industry. >> you have said...
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Dec 24, 2012
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we supported the marshall plan that helped europe regain its strength. and pioneered the atm, so you can get cash when you want it. it's been our privilege to back ideas like these, and the leaders behind them. so why should our anniversary matter to you? because for 200 years, we've been helping people and their ideas move from ambition to achievement. and the next great idea could be yours. ♪ executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. c'mon, michael! get in the game! [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone or
we supported the marshall plan that helped europe regain its strength. and pioneered the atm, so you can get cash when you want it. it's been our privilege to back ideas like these, and the leaders behind them. so why should our anniversary matter to you? because for 200 years, we've been helping people and their ideas move from ambition to achievement. and the next great idea could be yours. ♪ executor of efficiency. you can spot an amateur from a mile away... while going shoeless and...
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Dec 28, 2012
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address some of the issues, not really solve anything, kick the can down the road much like they do in europe and get your mild positive reaction going into the jobs data on friday. >> do you think we get a definitive move in this market one way or the other with some announcement out of washington, or is this market just so tired of all of the developments there? what do you think? >> well, there's still a risk-on trend, and if they kick the can down the road or actually come to some kind of compromise, that trend is intact, and you'll see going into the first few months of the year i believe very positive price action for all the equity indexs? >> what now, rick? what say you? what now? >> i liked dan greenhouse's comment. in a perverse sort of way. if there really is any austerity, you'll hear an ouch or some squawking or bellyaching which is the fiscal cliff. if we went over the cliff, they be we actually would have at least a touch of austerity, but nobody wants that. i contend, and i said this back in 2008, we're going to have to experience some pain. i don't think there's any way aroun
address some of the issues, not really solve anything, kick the can down the road much like they do in europe and get your mild positive reaction going into the jobs data on friday. >> do you think we get a definitive move in this market one way or the other with some announcement out of washington, or is this market just so tired of all of the developments there? what do you think? >> well, there's still a risk-on trend, and if they kick the can down the road or actually come to...
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Dec 13, 2012
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mainly in northern europe, which has been somewhat less effective, so we are somewhat stable there. good growth in asia-pacific and latin america and frankly the united states as well. liz: the competitor, cisco coming in, they want into the optical switch business ramping up, how would you stay ahead of them? >> they're very specialist player. we're not trying to be all things to all people. as such we have a lot of leading technology in this space and already won a lot of the major deals ready to roll out. tracy: are you hiring now going forward? here in the u.s.? speaker yes, we're actually doing some hiring in the united states. liz: good to see you, have a happy holiday. >> thank you, you two. liz: 46% over the past year. gary smith saying they have a good year ahead. the fed are going after a star in the hedge fund world through employee who left the company two years ago going so hard to the point they want a former employee to flip and cooperate with the investigation. charlie gasparino has the latest on the screws content to be tightened. you need to see this story. copd ma
mainly in northern europe, which has been somewhat less effective, so we are somewhat stable there. good growth in asia-pacific and latin america and frankly the united states as well. liz: the competitor, cisco coming in, they want into the optical switch business ramping up, how would you stay ahead of them? >> they're very specialist player. we're not trying to be all things to all people. as such we have a lot of leading technology in this space and already won a lot of the major...
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Dec 10, 2012
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in europe, asia, emerging markets and here in the u.s. what i'd be doing is sitting on a well structured portfolio regardless of what the economic outcome is. well diversified across markets, across countries. some emerging large caps. most importantly dividend growers. i'll have a bit of exception with your last guest. i think this is a much more global story. i think a lot of backdrop in europe and china has some improving trends in it that are behind this. >> if the market is such a great predictor, tell me where it was in beginning of 2008. then we had a total collapse. so i don't buy -- >> my response would be look where it was in march of '09 when you could have -- [ overlapping speakers ] the valuations weren't reasonable then. they are cheap now and even cheaper outside the united states. >> yeah. you just made my case for why it is i feel like going outside the united states. i'll let america settle it and figure it out on its own. >> all right. john, what are your clients telling you right now? jeff just said i think it was over
in europe, asia, emerging markets and here in the u.s. what i'd be doing is sitting on a well structured portfolio regardless of what the economic outcome is. well diversified across markets, across countries. some emerging large caps. most importantly dividend growers. i'll have a bit of exception with your last guest. i think this is a much more global story. i think a lot of backdrop in europe and china has some improving trends in it that are behind this. >> if the market is such a...
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Dec 20, 2012
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up the side of the mountain in almost every major country in the world, whether it's japan, china, europe is now pressing on the accelerator, brazil, even india, the united states. i think when you look at the monetary stimulus that's taking place around the world, the uncertainty over the cliff will go away. i think we'll grow better than 4% nominal and might grow 3% to 4% real in the united states and multiple expansion would clearly take place under that scenario, so i think it's hard to get to bearish, particularly when the stock market is not giving us any signs of meaningful deterioration, you know, whether you look at the technical indicators or fundamental indicators. >> a great point. bill stone, you know, rimm stock has done so well just in the last several weeks. we're still expecting a loss for the quarter on 2.66 billion in revenue, but do you own this stock? would you buy rimm? would you look to buy technology going into 2013? >> we don't own the stock. i will say i am a product user. i love rimm because i love that keyboard. i can't get rid of it. >> right. >> i don't reall
up the side of the mountain in almost every major country in the world, whether it's japan, china, europe is now pressing on the accelerator, brazil, even india, the united states. i think when you look at the monetary stimulus that's taking place around the world, the uncertainty over the cliff will go away. i think we'll grow better than 4% nominal and might grow 3% to 4% real in the united states and multiple expansion would clearly take place under that scenario, so i think it's hard to get...
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Dec 18, 2012
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europe appears to be moving in the right direction as is china so the fundamentals are moving in the right direction, but the truth is if washington messes this up, we could go into recession the first part of next year, so that's what's keeping the cautious one on equities. ultimately i think we will finish higher for 2013, but we've got -- we've got to get past this fiscal cliff, because if we don't we go into recession, and i will go underweight stocks. >> all right. we will leave it there. gentlemen and liz ann seaners, good to have you on the program. appreciate it. >> thank you. >> thanks so much. sticking with the market and the economy, ceo co-founder ken langone. >> thank you. merry christmas. >> the co-founder of home depot, a financier, a guy who has his finger on the pulse of global business. that's why we wanted to have you for the whole hour. >> very nice. >> thank you and merry christmas to you as well. what's your take? just got the numbers from okay. here we are, every day worry after worry after worry on this fiscal cliff issue, and we see the numbers from the corpo
europe appears to be moving in the right direction as is china so the fundamentals are moving in the right direction, but the truth is if washington messes this up, we could go into recession the first part of next year, so that's what's keeping the cautious one on equities. ultimately i think we will finish higher for 2013, but we've got -- we've got to get past this fiscal cliff, because if we don't we go into recession, and i will go underweight stocks. >> all right. we will leave it...
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Dec 17, 2012
12/12
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we supported the marshall plan that helped europe regain its strength. and pioneered the atm, so you can get cash when you want it. it's been our privilege to back ideas like these, and the leaders behind them. so why should our anniversary matter to you? because for 200 years, we've been helping people and their ideas move from ambition to achievement. and the next great idea could be yours. ♪ omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. >>> a toast to today's market close. where was the credit card prototype before it was sold at the sutherbys auction last week? the owner kept the card in his wallet since the 1960s. >>> welcome back. the hobble school shooting in connecticut is spurring action from washington lawmakers today. >> hello. t
we supported the marshall plan that helped europe regain its strength. and pioneered the atm, so you can get cash when you want it. it's been our privilege to back ideas like these, and the leaders behind them. so why should our anniversary matter to you? because for 200 years, we've been helping people and their ideas move from ambition to achievement. and the next great idea could be yours. ♪ omnipotent of opportunity. you know how to mix business... with business. and you...rent from...
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Dec 10, 2012
12/12
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that is. >> europe. europe has the potential to unravel this is not a decade-long agenda, this is actually within a year maybe, i don't know. it has the possibility of breaking apart, having a severe recession that will impact the u.s. economy and that made all this momentum that we are hopefully starting to see in the u.s. economy. liz: are we wasting too much time on fiscal cliff discussion and the potential effect on our money, should we not be focusing on these other issues and somehow bulletproof our investments as it pertains to each one of these concerns. we talk about doubling up. >> we should make pay more attention to europe. the attention we're paying to the fiscal cliff is not actually productive. in fact, it is leading to polarization of positions that have to be negotiated in private, and the lesson here from washington, the better i like the fiscal cliff. liz: the talks were secret today. >> might notice the financial markets are not actually very volatile in response to the special fiscal
that is. >> europe. europe has the potential to unravel this is not a decade-long agenda, this is actually within a year maybe, i don't know. it has the possibility of breaking apart, having a severe recession that will impact the u.s. economy and that made all this momentum that we are hopefully starting to see in the u.s. economy. liz: are we wasting too much time on fiscal cliff discussion and the potential effect on our money, should we not be focusing on these other issues and...
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Dec 5, 2012
12/12
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commentary from mario draghi will be very important about the state of affairs in europe. there's an analyst meeting tomorrow. a lot of this is tied to stronger revenue growth. and there's an analyst meeting tomorrow on hombres. i like both stocks. >> thanks a lot, stephanie. chris, what are you looking for. 30 seconds on the clock. what do you want to look at to move our money? >> the major impact is looking at the fiscal cliff. any compromise close to that is going to give the market some upward swing. the gop is under extreme pressure since president obama is definitely going to be seeing a wealthy tax added to it. on the economic news, little light tomorrow with initial claims at about 390,000, but the big story is really friday as we look to the jobs report. we believe that the effect of the payroll will be at 50,000 range due to the effect of hurricane sandy which could put our unemployment up to an 8% rate. >> all right. we'll be watching that. thanks very much to you both. we appreciate it. of course we'll be looking at this market and whether or not it loses the s
commentary from mario draghi will be very important about the state of affairs in europe. there's an analyst meeting tomorrow. a lot of this is tied to stronger revenue growth. and there's an analyst meeting tomorrow on hombres. i like both stocks. >> thanks a lot, stephanie. chris, what are you looking for. 30 seconds on the clock. what do you want to look at to move our money? >> the major impact is looking at the fiscal cliff. any compromise close to that is going to give the...
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Dec 21, 2012
12/12
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or let's not ignore europe. there are still had lines that could come, that ariane hurt our investments, nothing that a company on might own has anything to do with that. >> we were at 1119 with the s&p downgraded the united states on the s&p 500, 1119 and we are up 300 points and s&p earnings estimates are down $12 or $13. the market will always climb a wall of worry and we have been bullish expecting at 3 rating of equities. if you have low inflation and cash flows in the future worth a lot more so there's room to expand at 2% inflation, we have said all along the greatest risk was deflationary and avoidance of deflationary would lift these trades i am talking about. liz: good to see. going for 1600 next year on the s&p, see you next time and see if that comes through. working hard with the phones ringing, closing bell in 16 minutes. if everyone is wrapped up in that fiscal clipped drama is it for perfect time for you to invest abroad? oppenheimer international growth fund upward of 22% year to date. you have
or let's not ignore europe. there are still had lines that could come, that ariane hurt our investments, nothing that a company on might own has anything to do with that. >> we were at 1119 with the s&p downgraded the united states on the s&p 500, 1119 and we are up 300 points and s&p earnings estimates are down $12 or $13. the market will always climb a wall of worry and we have been bullish expecting at 3 rating of equities. if you have low inflation and cash flows in the...
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Dec 19, 2012
12/12
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the market are trying to build in higher interest rates, growth in china, europe has itself under control in america is about to. they are the leaders right now. liz: are we at $90?f course thet session. >> we are right there, but i will stick with my gun and say what we said last year. i am a buyer at 85, that is supply and demand thing. with the market the way we are at the end of the year, low volume tends to get in the way. i think financials getting spiked over the year, more of a rally tomorrow but i will stick with my gun, don't think you'll miss the move if you don't get in here at the dollars going forward. i am a buyer at 85, a seller at 90. liz: more than $0.50 away. when we started we were $0.03 away. >> it is a lot easier than it looks, good luck selling $90. liz: $89.51 at the moment. thanks to everybody on the floor show. we'll watch the market so carefully but when you pick apart individual stories the one that has captured the attention of this nation today in a very big way is the facebook instagram story. dollar signs dancing is now turned blurry after a massive pr miss
the market are trying to build in higher interest rates, growth in china, europe has itself under control in america is about to. they are the leaders right now. liz: are we at $90?f course thet session. >> we are right there, but i will stick with my gun and say what we said last year. i am a buyer at 85, that is supply and demand thing. with the market the way we are at the end of the year, low volume tends to get in the way. i think financials getting spiked over the year, more of a...
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Dec 20, 2012
12/12
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charlie: regulators in europe, eyes and nasdaq attempt over the stock exchange on antitrust grounds, your company is in one place. i don't think they're going to do that. [talking over each other] tracy: attempting that. charlie: this is a perfect fit, not much overlap. they will sell some stuff, but i think this is a perfect fit. duncan neiderauer had no choice. we should have a chart on trading volumes and this tells the story. since 2008 it has gone downhill except for a couple blips. [talking over each other] charlie: that shows you where it is going. in 2009 was pretty high, talking about less than half in a few years so they needed to do the deal and -- liz: floor traders you were the one reporter who asked about that. these guys wondered, an electronic exchange -- charlie: that is a pretty big story and other places don't cover that, they are not doing their viewers any good because what is it that this new business model has to offer over the nasdaq. there are people..o cf1 o that is the selling point. if you had a flash crash, stepped in between and rationally figure stuff o
charlie: regulators in europe, eyes and nasdaq attempt over the stock exchange on antitrust grounds, your company is in one place. i don't think they're going to do that. [talking over each other] tracy: attempting that. charlie: this is a perfect fit, not much overlap. they will sell some stuff, but i think this is a perfect fit. duncan neiderauer had no choice. we should have a chart on trading volumes and this tells the story. since 2008 it has gone downhill except for a couple blips....